Tag: Small Business Loan

There are several factors to consider when applying for a small business loan. The lender will consider various factors, such as the age of the business and the applicant's personal credit history. Most lenders offer a line of credit in the range of $10,000 to $100,000. However, if your business is new, the lender may be willing to offer you a smaller line of credit. This process will require a lot of documentation. Prepared to Provide Financial Statements The first step is to prepare your application. Be prepared to provide financial statements, a detailed business plan, and an investor pitch. Alternatively, you can have your financial statements audited by a CPA for a fee. This option will cost you more money but will speed up the process. Regardless of whether you decide to have your ...